24/7 Space News
Report Forecasts Significant Growth in Hypersonic Flight Market by 2030
The U.S. government, in collaboration with private aerospace companies, has made substantial investments in hypersonic research and development. Initiatives like the Defense Advanced Research Projects Agency's (DARPA) hypersonic programs and NASA's hypersonic research projects underscore the nation's commitment to driving progress in hypersonic technology.
Report Forecasts Significant Growth in Hypersonic Flight Market by 2030
by Sophie Jenkins
London, UK (SPX) Nov 24, 2023

A recent report titled "Hypersonic Flight Market by Vehicle Type (Hypersonic Aircraft, Hypersonic Spacecraft), Industry (Military, Space, Commercial), Component (Propulsion, Aerostructure, Avionics) and Region (North America, Europe, APAC, RoW) - Global forecast to 2030" has been published by ResearchAndMarkets.com. The report projects the hypersonic flight market to grow from USD 782 million in 2023 to USD 1,154 million by 2030, at a Compound Annual Growth Rate (CAGR) of 5.7%.

This comprehensive analysis aims to equip stakeholders with critical insights into the hypersonic flight industry, focusing on the market's competitive landscape and enabling strategic business decisions. It assesses various market dynamics, including drivers, restraints, challenges, and opportunities, offering a well-rounded perspective of the market's trajectory.

Technological advancements are at the heart of the hypersonic flight industry's growth. Notable progress in materials science, propulsion systems, aerodynamics, and avionics has significantly reduced barriers, enhancing the safety and performance of hypersonic vehicles. The United States, leveraging its extensive aerospace and defense technology heritage, has become a central player in this field. The collaboration between the U.S. government and private aerospace firms, as highlighted by initiatives from DARPA and NASA, underscores a robust commitment to advancing hypersonic technology.

Key industry players, including Leidos (US), Hermeus (US), Rolls-Royce (UK), Dassault Aviation (France), The Boeing Company (US), Raytheon Technologies Corporation (US), and BAE Systems Plc (UK), are extensively profiled in the report. This in-depth assessment covers market shares, growth strategies, and service offerings, providing a clear picture of the competitive landscape.

The space industry is projected to be the largest segment by industry during the forecast period. Hypersonic flight is poised to revolutionize space exploration and commercial space activities. Its transformative potential lies in offering rapid, reusable access to space, addressing the need for cost-effective and frequent space missions. The ability to swiftly transport payloads to orbit aligns with the growing demands for satellite services and space-based connectivity.

Hypersonic aircraft, categorized as the fastest-growing segment by vehicle type, are increasingly being recognized for their speed and maneuverability. These attributes are particularly relevant in military and defense sectors, where they provide rapid, unpredictable, and precise strike capabilities. Additionally, the commercial aviation sector is exploring hypersonic passenger aircraft, promising to revolutionize air travel by drastically cutting down intercontinental flight times.

In the component segment, hypersonic avionics are anticipated to experience the highest growth. The extreme conditions of hypersonic flight, including high velocities and temperatures, necessitate sophisticated avionics for safety, precision, and functionality. These systems are crucial for real-time data analysis, navigation, guidance, and control, essential for the successful operation of hypersonic vehicles.

In conclusion, the hypersonic flight market is on a trajectory of substantial growth and transformation, driven by technological advancements and increasing interest from various industry sectors. As the market evolves, stakeholders will need to stay informed and adapt their strategies to leverage the opportunities presented by this dynamic and rapidly developing field.

For more information about this report visit here.

Related Links
Rocket Science News at Space-Travel.Com

Subscribe Free To Our Daily Newsletters

The following news reports may link to other Space Media Network websites.
US 'strongly condemns' N. Korean space launch
Washington (AFP) Nov 21, 2023
The White House on Tuesday strongly condemned North Korea over its space launch, calling it a "brazen violation" of UN sanctions that could destabilize the region. The launch "raises tensions, and risks destabilizing the security situation in the region and beyond," National Security Council Spokesperson Adrienne Watson said in a statement. North Korean state media reported early Wednesday local time that the country had succeeded in putting a reconnaissance satellite in orbit. A rocket car ... read more

Big bang: Dutch firm eyes space baby

Cosmic currents: Preserving water quality for astronauts during space exploration

GreenOnyx's Wanna Greens Makes Space Debut Aboard SpaceX CRS-29 Mission

AI-Powered Space Situational Awareness Boosted by Neuraspace-Deimos Collaboration

Report Forecasts Significant Growth in Hypersonic Flight Market by 2030

UK Space Agency backs Orbit Fab's innovative refueling interface, GRASP

US 'strongly condemns' N. Korean space launch

SpaceX Starship disintegrates after successful stage separation

NASA uses two worlds to test future Mars helicopter designs

Spacecraft fall silent as Mars disappears behind the Sun

The Long Wait

Here Comes the Sun: Perseverance Readies for Solar Conjunction

Wenchang Set to Become China's Premier Commercial Space Launch Hub by Next Year

China's BeiDou and Fengyun Satellites Elevate Global Weather Forecasting Capabilities

New scientific experimental samples from China's space station return to Earth

Shenzhou XVI crew return after 'very cool journey'

Embry-Riddle's Innovative Mission Control Lab prepares students for booming space sector

MDA initiates work on a new digital satellite constellation

Maxar hands over JUPITER 3, to EchoStar

Amazon's Project Kuiper completes successful tests of broadband connectivity

Tackling the Growing Challenge of Space Debris

Lockheed Martin aims for rapid on-orbit operations with Electronically Steerable Antenna

Six recycling innovations that could change fashion

'Dolomite Problem': 200-year-old geology mystery resolved

Minimalist or maximalist? The life of a microbe a mile underground

Hubble measures the size of the nearest transiting Earth-sized planet

Webb detects water vapor, sulfur dioxide and sand clouds in the atmosphere of a nearby exoplanet

Webb follows neon signs toward new thinking on planet formation

Juice burns hard towards first-ever Earth-Moon flyby

Fall into an ice giant's atmosphere

Juno finds Jupiter's winds penetrate in cylindrical layers

Salts and organics observed on Ganymede's surface by June

Subscribe Free To Our Daily Newsletters


The content herein, unless otherwise known to be public domain, are Copyright 1995-2023 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.